For Sale
$895,000

225 Cora Lee St Sour Lake, TX 77659

High-Yield Texas Apartment Building

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a C-Class multifamily property located at 225 E Cora Lee St, Sour Lake, TX 77659, in Hardin County. Offered at $895,000, this property boasts a compelling 7.00% capitalization rate, making it an attractive addition to any portfolio. Classified as both multifamily and commercial, and further categorized as a duplex/triplex/quadruplex, the building presents a unique investment potential. While the exact number of units is currently unavailable, the property sits on a substantial land parcel in a prime location within Sour Lake. The property's classification as a C-Class building provides an opportunity for value-add improvements and potential rental income growth. Its multifamily nature offers a stable income stream, while the commercial classification opens doors to diverse operational strategies. The property's location in Sour Lake, Texas, provides access to a growing market, offering significant potential for long-term appreciation. Detailed financial information and property specifics are available upon request. This is a rare chance to acquire a high-yield multifamily property in a desirable Texas location. Don't miss this opportunity to expand your investment portfolio with a strong, income-generating asset.

Highlights

  • Exceptional investment opportunity: C-Class multifamily property in Sour Lake, TX, offered at $895,000 with a 7.00% cap rate.
  • Multifamily/commercial duplex/triplex/quadruplex property on a large lot in a prime Sour Lake location.
  • C-Class designation presents value-add potential and rental income growth opportunities.
  • Strong income stream from multifamily units, with flexible commercial usage options.
  • High-yield property in a growing Texas market with potential for long-term appreciation.

Property Details for 225 Cora Lee St

Property type
Land, Apartment buildings
Class
C

Location Insight

City
Sour Lake
County
Hardin
State
Texas
Latitude
30.1376758
Longitude
-94.4014773

FAQs

What type of property is this?
Land - High-Yield Texas Apartment Building
Where is the land located?
The property is located at 225 Cora Lee St Sour Lake, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Exceptional investment opportunity: C-Class multifamily property in Sour Lake, TX, offered at $895,000 with a 7.00% cap rate.; Multifamily/commercial duplex/triplex/quadruplex property on a large lot in a prime Sour Lake location.; C-Class designation presents value-add potential and rental income growth opportunities.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
225 Cora Lee St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message